Analyst Iris Gao of DBS maintained a Buy rating on Mastercard (MA – Research Report), with a price target of $580.00.
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Iris Gao’s rating is based on Mastercard’s robust performance and promising growth prospects in the digital payments sector. The company reported strong second-quarter results, surpassing market expectations with a notable increase in both revenue and adjusted earnings per share. Mastercard is strategically positioned to capitalize on the ongoing transition from cash to digital transactions, which is expected to fuel its growth further.
Moreover, Mastercard’s extensive network of over 110 million merchants and its high net margins underscore its competitive advantage in the payment industry. The company’s focus on expanding non-card based payment solutions and services also presents significant growth opportunities. Despite potential regulatory risks and market challenges, Mastercard’s high earnings growth potential compared to its peers supports the Buy rating, with a target price set at $580.
Gao covers the Financial sector, focusing on stocks such as American Express, Mastercard, and Visa. According to TipRanks, Gao has an average return of 18.6% and a 75.00% success rate on recommended stocks.
In another report released on February 4, DZ BANK AG also upgraded the stock to a Buy with a $620.00 price target.